261 Saint Mihiel Dr Riverside, NJ 08075
For Lease
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This exceptional 0.34-acre property at 261 Saint Mihiel Drive in Delran, New Jersey, presents a compelling investment opportunity. Boasting a substantial 14,863 square feet of land, this site is zoned I-2, opening doors to a wide array of potential commercial uses. The property's strategic location within Delran positions it to benefit from the township's ongoing revitalization efforts. The true value lies in the land itself, offering significant potential for development and future growth. Further enhancing its appeal, there's a possibility of acquiring additional land from the township, providing convenient easement access to American Legion Drive. This access improvement would significantly enhance the property's logistical advantages and overall development potential. This is a rare chance to acquire a well-situated parcel in a thriving area, primed for a variety of commercial ventures. The I-2 zoning allows for diverse development options, making this an attractive proposition for investors seeking a strong return on investment. Serious inquiries are encouraged to explore the full potential of this remarkable property and the possibilities it presents. The potential for expansion via additional land acquisition from the township adds to the overall attractiveness of this unique opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
I2 · Delran, NJCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.